Interest on fixed deposits, recurring deposits, and other non-salary payments may attract TDS under Section 194A when income crosses prescribed limits.
Taxpayer actions
- Check Form 26AS and AIS for 194A entries
- Submit Form 15G/15H if eligible to avoid TDS
- Claim TDS credit in ITR against total tax
- Report gross interest even if TDS was not deducted
See FD interest in ITR, Form 15G/15H, and TDS return filing for deductors.
